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June 27, 2022

New bid deadline for Cuprumin is set for September 1

The new deadline for investors submitting bids for copper mining company Cuprumin is September 1 and the whole procedure could be completed by the end of October, Economy Minister Vosganian told a press conference on Thursday, Agerpres informs. He said that only one company – Trafigura – had submitted a bid for Cuprumin by the initial deadline of July 19, but the documentation was anyway incomplete, the experts’ report showed. Another two potential bidders, one of which is Glencore, asked for a deadline extension. In another development, Vosganian announced Romania will open eight trade and economy promoting offices, namely in Russia (Sankt Petersburg), Iraq, Qatar (Doha), Vietnam (Hanoi), Indonesia (Jakarta), Senegal (Dakar), Kenya (Nairobi) and in Hong Kong. He also stressed that Romania’s economic promotion offices in Dublin, Copenhagen, Lisbon, Tripoli and Damascus will be temporarily shut down, and one of Romania’s three economy advisors in Beijing go to Hong Kong. Vosganian also said that Romania currently numbers 83 trade envoys abroad, but entire traditional market areas of Romania’s exports are not covered. For instance, Romania’s trade representatives in South America are fewer than France has in Bucharest. Economy Ministry (ME) State Secretary Manuel Donescu said that ME plans to relocate several of Romania’s economic promotion offices, and help the Romanian companies to access certain emerging markets, in the short run.

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